March 6, 2014, 4:45 PM

Top News

Leah McGrath Goodman / Newsweek:
Elusive bitcoin founder Satoshi Nakamoto is reportedly a 64-yr old living in California  —  The Face Behind Bitcoin  —  Satoshi Nakamoto stands at the end of his sunbaked driveway looking timorous.  And annoyed.  He's wearing a rumpled T-shirt, old blue jeans and white gym socks …
Kashmir Hill / Forbes:
Rather than an invasion of privacy, Satoshi Nakamoto's outing is brilliant journalism  —  The Outing of Bitcoin Creator Satoshi Nakamoto Is Brilliant Journalism  —  In Newsweek, finance editor Leah McGrath Goodman claims to have outed the mysterious creator of the digital currency Bitcoin.
Darrell Etherington / TechCrunch:
Spotify Acquires The Echo Nest, Gaining Control Of The Music DNA Company That Powers Its Rivals  —  Spotify has acquired The Echo Nest, as revealed by an official blog post today.  The financial details of the acquisition haven't been revealed, but The Echo Nest is a self-described …
Spotify Said to Seek Credit Facility in Step Toward IPO  —  Spotify Ltd., the Stockholm-based music-streaming company backed by billionaire Li Ka-Shing, is speaking with banks about raising a credit facility, a move that could presage an initial public offering in the U.S., people with knowledge of the matter said.
More: Quartz
Neil Chenoweth / Financial Review:
Apple moved $8.9B in untaxed profits from Australia to Irish subsidiary in last decade  —  How Ireland got Apple's $9bn profit  —  US tech giant Apple has shifted an estimated $8.9 billion in untaxed profits from its Australian operations to a tax haven structure in Ireland in the last decade …
Brooks Barnes / New York Times:
Disney's Game and Internet Division Cuts One Quarter of Its Workforce  —  GLENDALE, Calif. - Disney's struggling video game and Internet division laid off roughly 700 employees on Thursday, or 26 percent of its global staff, in a major retrenchment that includes a shift in advertising strategy at
Florian Mueller / FOSS Patents:
Setback for Apple: U.S. judge denies renewed bid for permanent injunction against Samsung  —  After it just became publicly-known that Apple itself had disclosed confidential licensing terms with respect to which it wanted Samsung sanctioned, Apple has to deal with another setback in its litigation with its most important competitor.
Emily Price / Engadget:
‘Wello’ iPhone case can track your blood pressure, temperature and more  —  Last year, Scanadu caught our attention with Scout, its simple-to-use tricorder-style health monitor.  Now a new iPhone case promises to make monitoring your vital signs even easier.
Dan Primack / Fortune:
Sean Parker formally leaves Founders Fund  —  Sean Parker will not make new investments for Founders Fund, but will maintain board seats like Spotify.  —  FORTUNE — Sean Parker is no longer making new investments on behalf of Founders Fund, a San Francisco-based venture capital firm …
More: TechCrunch, bizjournals and Pulse 2.0Tweets: @tim
Colleen Taylor / TechCrunch:
After 2 Years In Beta, Findery Launches Its Geo-Tagged Story Sharing App On iOS Worldwide  —  Findery's Caterina Fake On New iPhone App  —  In a city like San Francisco, there are tons of stories packed into every block — there's the one building that didn't burn down in the 1906 earthquake and fire …
Christina Farr / VentureBeat:
HootSuite uses part of its massive $165M round to form a skunkworks (exclusive)  —  For technology behemoths, staying innovative is a constant challenge.  —  Many of these companies are forming internal groups — often referred to as skunkworks — tasked with researching and building innovative products.
More: BetaKit and Marketwired
Jonathan Shieber / TechCrunch:
Trusper Raises $6.17M For Tips Based Social Networking App  —  New mobile app developer Trusper has just launched with $6.17 million to bring the knitting circle and the farmers almanac into the age of the iPhone.  —  The Los Gatos based company is the brainchild of Jack Jia …

Sponsor Posts

Convergence EMEA: Matching business challenges to technological solutions  —  Perspective from Jean-Philippe Courtois, President, Microsoft International, leading up to the keynote in Barcelona at 6:30 a.m. PT on Nov. 30.
Federal Insecurity  —  The number of security incidents impacting Federal agencies has grown from 5,503 in 2006 to 67,168 in 2014 — a massive 1121% increase in 8 years — what can be done?
What consumers have to say about Bitcoin, P2P, social spending and more  —  We asked 7000 digital consumers how they expect to pay for digital goods & services in the future.  The results are in.
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CareerArc: How Square's Debut Draws Concerns Over IPO “Ratchets” & Impact on Tech Talent  —  Square's IPO points a spotlight on “IPO Ratchets”—now a common demand among tech investors.  But how might ratchets affect employees?

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Gemma Padley / British Journal of Photography: